Return to the Household Finances Forum | Post a Follow-Up

ing direct ?

Posted by choufleur (My Page) on
Tue, Jan 18, 05 at 11:51

Have any of you opened an account at subject on-line bank (, and if so, what has been your experience. Their brochure indicate they pay 2.35% on savings accounts.

Follow-Up Postings:

RE: ing direct ?

I have had an account with them for several years. Excellent experience. I even got a $50 bonus for opening the account. Last year, I discovered Virtual Bank paid a little more so I moved some money for our remodel over there. Excellent experience too!

RE: ing direct ?

It's a Dutch based bank, I understand.

People around here use them. I think that they are satisfied.

In their advertising in this area they claim that there are no fees.

You must have a bank chequing (U.S. "checking") account in order to send the money to them, though I suppose that they would accept a postal money order, etc. - which fee, plus stamp, will eat up a major portion of the interest premium that you'd get on small amounts.

They send a cheque when you ask for withdrawal.

Good wishes for health and other good things for you and yours.

joyful guy

P.S. I don't like earning interest, for several reasons, which I've outlined elsewhere here. Write me if you'd like to know them.


RE: ing direct ?

Love them. I've had my accts open for at least 2 years, & have had no problems. Be sure you look into a bonus for opening your acct. (just search the web, I'm sure you'll find something) I rec'd $25 when I opened my acct. I then "invited" each of my young children to join. Even though I linked their accts to my checking, they each recieved $25 for opening an acct, & I rec'd $10 for each also, as the person who invited them. I then asked a couple of friends, and rec'd $10 for each of them! That's $150 free money - yippee!!! (you do need to wait a month to transfer this money out of your acct, if you so wish) It is a breeze to open new accts & you can give them nicknames, so you can easily see what you're saving for. It does take a few days to transfer money back & forth between the ING account & your checking acct.

RE: ing direct ?

I've have a couple Ing accounts, saving for various things. No problems at all. I'm pleased with them.

RE: ing direct ?

Joyful Guy
You worte "I don't like earning interest, for several reasons, which I've outlined elsewhere here." Can you tell me where you posted this? I know that you wrote about your ideas for paying for food, tables, cars etc., but I failed to find where you wrote about your dislike for
"interest and why". I'm interested in learning more about what is availbable in Canada in "tax deferred plans". Do you recomend any of them and if so, why?


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!

Return to the Household Finances Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Please review our Rules of Play before posting.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.

Learn more about in-text links on this page here